Outline of changes to the Public Service Loan Forgiveness program
INSIDE HIGHER ED — A federal loan forgiveness program known for its ineffectiveness will undergo major reforms over the next year, the Department of Education announced Wednesday. The overhaul is intended to fulfill a “largely unmet” promise to wipe away the student debt of teachers, military service members and others working in the public sector. Most of…
Read More about Outline of changes to the Public Service Loan Forgiveness programWhat Public Service Loan Forgiveness changes mean for lawyers
REUTERS — Public interest lawyers and legal educators are hoping an overhaul of the government’s Public Service Loan Forgiveness Program announced this week will help many more attorneys discharge their outstanding loan debts. “These changes should have happened 14 years ago—they are way overdue—and they are wonderful,” said Georgetown University law professor Philip Schrag. “They will certainly…
Read More about What Public Service Loan Forgiveness changes mean for lawyersABA lauds Public Service Loan Forgiveness changes and urges Congress to pass additional reforms
ABA JOURNAL — People with jobs that qualify for the Public Service Loan Forgiveness Program can now get credits from previously ineligible loan plans, the U.S. Department of Education announced Wednesday. Under the new guidelines, loans such as the Federal Family Education Loan Program and the Perkins Loan Program are now eligible for PSLF, according to a…
Read More about ABA lauds Public Service Loan Forgiveness changes and urges Congress to pass additional reformsAmerican Council on Education statement on Public Service Loan Forgiveness changes
AMERICAN COUNCIL ON EDUCATION — “Today’s announcement by Secretary of Education Cardona fulfills a promise the nation made to forgive the student loans of tens of thousands of individuals who have dedicated years to public service. This is long overdue. The Biden administration inherited a Public Service Loan Forgiveness program that has failed over multiple administrations…
Read More about American Council on Education statement on Public Service Loan Forgiveness changesFederal judge overturns bankruptcy decision that discharged law graduate’s student loan debt
ABA JOURNAL –A New York federal judge has overturned a decision to discharge a law grad’s student debt, citing a “constellation of evidence” that the debtor “placed himself in this predicament” after abandoning a legal career. U.S. District Judge Philip M. Halpern of the Southern District of New York said a bankruptcy judge should not have…
Read More about Federal judge overturns bankruptcy decision that discharged law graduate’s student loan debtUS Department of Education to overhaul Public Service Loan Forgiveness program
NPR — A troubled student debt relief program for teachers, police officers and other public service workers will soon get the makeover that borrowers have been demanding. Next week, according to a source familiar with the plans but who is not authorized to discuss them publicly, the U.S. Department of Education will unveil a significant overhaul of…
Read More about US Department of Education to overhaul Public Service Loan Forgiveness programABA and AccessLex Institute report looks at the impact of student loan debt on young lawyers
ABA JOURNAL — A survey released Tuesday asked young attorneys if their legal education was worth the cost, and fewer than half said yes. However, 60.9% of respondents said that if they had to do it over, they would still attend law school.
Read More about ABA and AccessLex Institute report looks at the impact of student loan debt on young lawyersStudies look at return on investment for college degree programs
INSIDE HIGHER ED — Students pursuing a college degree generally have a sense of where their institution ranks in comparison to others, but not necessarily how their particular course of study measures up. Now they can find out. Using data from the latest College Scorecard, two new studies look much more granularly at how specific programs…
Read More about Studies look at return on investment for college degree programsMajority of undergraduate college students receive federal aid to pay tuition
INSIDE HIGHER ED — Around 60 percent of undergraduates used some form of federal financial aid to pay for their postsecondary education during the 2017-18 academic year, according to the latest data released by the National Center for Education Statistics.
Read More about Majority of undergraduate college students receive federal aid to pay tuitionABA legal education section to publish student loan data as part of required law school disclosures
ABA JOURNAL — Starting with the 2023-2024 school year, law schools’ Standard 509 Information Reports will include information about the number of students who receive student loans, and the data will be categorized by race, ethnicity and gender.
Read More about ABA legal education section to publish student loan data as part of required law school disclosures